Fri, May 2, 8:38 PM (21 days ago)
**Extra Space Storage Inc. (EXR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $819.997 million, up 2.6% YoY. - **Net Income:** $284.925 million, up 27% YoY. - **Earnings per Share (EPS):** $1.28, up 27% YoY. - **Operating Income:** $388.730 million, up 16% YoY. - **Profit Margins:** Improved profitability with a net margin of 34.8%. - **Cash Flow:** Positive operating cash flow of $481.404 million. **Segment Performance:** - **Self-Storage Operations:** Revenue up 2.4% to $704.380 million. - **Tenant Reinsurance:** Revenue up 4.1% to $84.712 million. - **Management Fees & Other Income:** Up 2.5% to $30.905 million. **Expenses:** - **Property Operations:** Up 9.3% to $223.582 million. - **Tenant Reinsurance Expenses:** Down 7.5% to $17.116 million. - **General & Administrative:** Up 5.2% to $45.974 million. - **Depreciation & Amortization:** Down 8.4% to $180.356 million. **Balance Sheet Highlights:** - **Total Assets:** $28.993 billion. - **Total Liabilities:** $14.215 billion. - **Stockholders' Equity:** $13.887 billion. - **Cash & Cash Equivalents:** $119.559 million. **Debt & Liquidity:** - **Total Debt:** $12.810 billion. - **Fixed-Rate Debt:** 78.8% of total debt. - **Weighted Average Interest Rate:** 4.4%. - **Liquidity:** $119.559 million in cash and cash equivalents. **Trends & Uncertainties:** - **Acquisitions & Dispositions:** 17 stores acquired, 11 stores disposed. - **Development:** Continued investment in real estate assets. - **Market Risks:** Interest rate sensitivity and economic conditions. - **Future Operations:** Focus on growth through acquisitions and development. **Outlook:** - **Seasonality:** Higher occupancy expected in summer months. - **Future Cash Needs:** Expected to be met through operating cash flow and available credit facilities. - **Share Repurchase:** $500.000 million authorization remaining. **Ticker:** EXR **Exchange:** New York Stock Exchange